Fillmore County vs. Nebraska
Comparative Trends Analysis:
Total Industry Earnings Growth and Change, 1969-2022
Introduction
Fillmore County vs. Nebraska
Fillmore County:
2022 Earnings = $227,726K
2022 Percent of State = 0.25%
Nebraska:
2022 Earnings = $89,974,794K
2022 Percent of U.S. = 0.59%
Industry earnings are incomes received by people who are directly involved with producing goods and services. Earnings, referred to also as "labor and proprietors income", include (1) wage and salary disbursements, (2) other labor income such as employer contributions to private retirement and medical insurance programs, and (3) the net incomes of proprietors (i.e., the owners of unincorporated enterprises).
In contrast to the more frequently cited employment data, earnings data more accurately reflect qualitative differences in labor's contributions toward the production of goods and services, namely the productivity differences reflected in variations in earnings per job. Earnings data, therefore, are better for comparing and tracking long-term trends and identifying short-run shifts in the level and composition of economic activity within and among counties.
Just like the employment data compiled by BEA, earnings data are reported on a place-of-work, or more accurately on a place-where-earned, basis.
Note: the BEA earnings data presented and discussed here in the context of comparing and assessing the economic growth and performance of county and regional economies are entirely separate and apart from--and should not be confused with--corporate earnings, which are compiled from the balance sheets of individual private corporations.
Fillmore County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Fillmore County Total Industry Earnings, 1970-2022
Current vs. Constant Dollars (Millions)
Figure 1.
Figure 1 depicts Fillmore County's annual total industry earnings over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Fillmore County over time.
When measured in current dollars, Fillmore County's total industry earnings increased 809.45%, from $25M in 1970 to $228M in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 54.91%, from $127M in 1970 to $196M in 2022.
Real Total Industry Earnings, 1969-2022 (Millions)
Real Total Industry Earnings, 1969-2022 (Millions)
Figure 2.
Figure 2 tracks Fillmore County's and Nebraska's annual real total industry earnings for the period 1969-2022 to illustrate real total industry earnings patterns over time. During this 54-year period, Fillmore County's real total industry earnings rose from $136M in 1969 to $196M in 2022, for a net gain of $60M, or 44.32%. In comparison, Nebraska's real total industry earnings increased from $23,481M in 1969 to $77,536M in 2022, for a net advance of $54,055M, or 230.20%.
Real Total Industry Earnings Indices (1969=100): 1969-2022
Real Total Industry Earnings Indices (1969=100): 1969-2022
Figure 3.
Figure 3 shows Fillmore County's real total industry earnings growth in a broader context by offering direct comparisons across time with Nebraska, the United States. The growth indices shown here express each region's real total industry earnings in 1969 as a base figure of 100, and the real total industry earningss in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real total industry earnings growth between regions that may differ vastly in size.
Fillmore County's overall real total industry earnings growth was 44.32% over 1969-2022 trailed Nebraska's increase of 230.20%, and fell below the United States' increase of 278.59%.
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Total Industry Earnings as a Percent of the Nebraska Total: 1969-2022
Figure 4.
Another interesting and insightful way of comparing the total industry earnings growth of Fillmore County is to compare its individual percentage contributions to Nebraska's statewide total industry earnings over time, as shown in Figure 4. A rising share means a region's total industry earnings grew faster, or declined less, than Nebraska's total industry earnings, while a declining share shows it grew more slowly.
In 1969, Fillmore County's total industry earnings totaled 0.58% of Nebraska's total industry earnings, while in 2022 it totaled 0.25% thereby yielding a -0.33% share-shift.
   
 
Total Industry Earnings Share-Shift
2022 vs. 1969
 
Share-
Shift*
 
2022
vs.
1969
-0.33%
=
0.25%
-
0.58%
 
   
Fillmore County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Fillmore County Real Total Industry Earnings:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 highlights the short-run pattern of Fillmore County's real total industry earnings growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also traced on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Fillmore County's real total industry earnings grew at an annual rate of 2.81% over 1970-2022. The county posted its highest growth in 1978 (72.55%) and recorded its lowest growth in 1980 (-37.43%). In 2022, Fillmore County's real total industry earnings declined by -13.35%
Fillmore County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Fillmore County Real Total Industry Earnings:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in Fillmore County's real total industry earnings since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Fillmore County's annual real total industry earnings growth rate averaged 3.20%. It averaged 5.53% in the 1980s, 0.75% during the 1990s, 1.99% throughout the 2000s, 2.37% throughout the 2010s, 3.46% thus far this decade (2020-2022).
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Real Total Industry Earnings Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Fillmore County noted in the previous graph with the corresponding decade averages for Nebraska and the nation. As the chart reveals, Fillmore County's average annual real total industry earnings growth exceeded Nebraska's average throughout the 1970s (3.20% vs. 2.98%), topped Nebraska's average during the 1980s (5.53% vs. 1.55%), posted below Nebraska's average throughout the 1990s (0.75% vs. 3.32%), outperformed Nebraska's average in the 2000s (1.99% vs. 1.98%), outperformed Nebraska's average throughout the 2010s (2.37% vs. 2.05%), and outpaced Nebraska's average over the 3 year period of the current decade, 2020-2022 (3.46% vs. 1.83%).
Finally, relative to nationwide real total industry earnings growth trends, Fillmore County surpassed the nation in the 1970s (3.20% vs. 3.13%), recorded above the nation during the 1980s (5.53% vs. 2.62%), trailed the nation during the 1990s (0.75% vs. 3.43%), outpaced the nation throughout the 2000s (1.99% vs. 1.47%), recorded underneath the nation over the 2010s (2.37% vs. 2.53%), and outperformed the nation over 2020-2022 (3.46% vs. 1.48%).
   
 
Real* Total Industry Earnings Growth:
Average Annual Percent Change
 
 
 
2.81
3.20
5.53
0.75
1.99
2.37
3.46
-13.35
 
2.35
2.98
1.55
3.32
1.98
2.05
1.83
-0.69
 
2.57
3.13
2.62
3.43
1.47
2.53
1.48
0.05
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Fillmore County:
Total Industry Earnings, 1969-2022
 
1969
 
25,677
0.189
135,979
100.0
N
0.58
1970
 
25,040
0.198
126,682
93.2
-6.84
0.53
1971
 
25,847
0.206
125,440
92.2
-0.98
0.50
1972
 
29,692
0.213
139,347
102.5
11.09
0.52
1973
 
38,754
0.225
172,585
126.9
23.85
0.58
1974
 
37,922
0.248
152,954
112.5
-11.37
0.56
1975
 
50,428
0.269
187,744
138.1
22.74
0.65
1976
 
40,045
0.283
141,337
103.9
-24.72
0.50
1977
 
27,578
0.302
91,391
67.2
-35.34
0.32
1978
 
50,896
0.323
157,690
116.0
72.55
0.50
1979
 
44,899
0.351
127,761
94.0
-18.98
0.41
1980
 
31,117
0.389
79,935
58.8
-37.43
0.28
1981
 
57,031
0.424
134,460
98.9
68.21
0.45
1982
 
61,148
0.448
136,579
100.4
1.58
0.47
1983
 
50,061
0.467
107,252
78.9
-21.47
0.37
1984
 
69,947
0.484
144,402
106.2
34.64
0.46
1985
 
65,681
0.501
131,027
96.4
-9.26
0.40
1986
 
71,136
0.512
138,886
102.1
6.00
0.42
1987
 
77,847
0.528
147,432
108.4
6.15
0.43
1988
 
89,608
0.549
163,325
120.1
10.78
0.46
1989
 
89,865
0.573
156,939
115.4
-3.91
0.44
1990
 
95,224
0.598
159,304
117.2
1.51
0.43
1991
 
94,759
0.618
153,396
112.8
-3.71
0.41
1992
 
106,382
0.634
167,742
123.4
9.35
0.43
1993
 
84,892
0.650
130,603
96.0
-22.14
0.34
1994
 
102,511
0.664
154,486
113.6
18.29
0.38
1995
 
94,255
0.678
139,114
102.3
-9.95
0.33
1996
 
133,006
0.692
192,197
141.3
38.16
0.43
1997
 
115,407
0.704
163,914
120.5
-14.72
0.36
1998
 
108,941
0.710
153,509
112.9
-6.35
0.32
1999
 
107,228
0.720
148,926
109.5
-2.99
0.30
2000
 
110,369
0.738
149,507
109.9
0.39
0.29
2001
 
120,000
0.753
159,358
117.2
6.59
0.30
2002
 
112,630
0.763
147,632
108.6
-7.36
0.28
2003
 
133,666
0.779
171,600
126.2
16.23
0.31
2004
 
135,157
0.798
169,312
124.5
-1.33
0.30
2005
 
130,543
0.821
158,953
116.9
-6.12
0.28
2006
 
106,983
0.844
126,697
93.2
-20.29
0.22
2007
 
145,903
0.866
168,466
123.9
32.97
0.28
2008
 
160,806
0.892
180,336
132.6
7.05
0.30
2009
 
147,113
0.889
165,442
121.7
-8.26
0.27
2010
 
153,144
0.905
169,194
124.4
2.27
0.27
2011
 
231,307
0.928
249,242
183.3
47.31
0.36
2012
 
221,621
0.945
234,435
172.4
-5.94
0.35
2013
 
259,826
0.958
271,271
199.5
15.71
0.40
2014
 
207,396
0.971
213,544
157.0
-21.28
0.30
2015
 
212,594
0.973
218,496
160.7
2.32
0.30
2016
 
182,279
0.983
185,462
136.4
-15.12
0.26
2017
 
175,698
1.000
175,698
129.2
-5.26
0.25
2018
 
176,723
1.020
173,178
127.4
-1.43
0.24
2019
 
188,425
1.035
182,030
133.9
5.11
0.25
2020
 
196,821
1.046
188,102
138.3
3.34
0.25
2021
 
246,853
1.090
226,469
166.5
20.40
0.29
2022
 
227,726
1.160
196,243
144.3
-13.35
0.25
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Nebraska:
Total Industry Earnings, 1969-2022
 
1969
 
4,433,936
0.189
23,481,099
100.0
N
0.68
1970
 
4,692,643
0.198
23,740,985
101.1
1.11
0.68
1971
 
5,156,088
0.206
25,023,480
106.6
5.40
0.69
1972
 
5,712,919
0.213
26,811,146
114.2
7.14
0.70
1973
 
6,697,739
0.225
29,827,384
127.0
11.25
0.73
1974
 
6,831,868
0.248
27,555,633
117.4
-7.62
0.69
1975
 
7,713,251
0.269
28,716,497
122.3
4.21
0.73
1976
 
8,056,211
0.283
28,434,020
121.1
-0.98
0.69
1977
 
8,671,862
0.302
28,737,613
122.4
1.07
0.67
1978
 
10,185,123
0.323
31,556,336
134.4
9.81
0.69
1979
 
10,918,870
0.351
31,069,829
132.3
-1.54
0.66
1980
 
11,121,283
0.389
28,568,853
121.7
-8.05
0.62
1981
 
12,701,979
0.424
29,946,903
127.5
4.82
0.65
1982
 
13,107,205
0.448
29,276,105
124.7
-2.24
0.64
1983
 
13,511,005
0.467
28,946,364
123.3
-1.13
0.62
1984
 
15,326,676
0.484
31,641,190
134.8
9.31
0.63
1985
 
16,346,215
0.501
32,608,951
138.9
3.06
0.62
1986
 
16,919,830
0.512
33,034,284
140.7
1.30
0.61
1987
 
18,051,187
0.528
34,186,559
145.6
3.49
0.60
1988
 
19,560,386
0.549
35,651,847
151.8
4.29
0.60
1989
 
20,546,317
0.573
35,881,869
152.8
0.65
0.59
1990
 
22,198,295
0.598
37,136,420
158.2
3.50
0.60
1991
 
22,977,372
0.618
37,195,862
158.4
0.16
0.61
1992
 
24,558,018
0.634
38,722,829
164.9
4.11
0.61
1993
 
25,304,841
0.650
38,930,525
165.8
0.54
0.60
1994
 
27,063,746
0.664
40,785,680
173.7
4.77
0.61
1995
 
28,227,016
0.678
41,661,033
177.4
2.15
0.60
1996
 
31,030,006
0.692
44,839,105
191.0
7.63
0.63
1997
 
31,797,165
0.704
45,161,937
192.3
0.72
0.60
1998
 
33,762,107
0.710
47,574,375
202.6
5.34
0.59
1999
 
35,720,571
0.720
49,611,215
211.3
4.28
0.59
2000
 
37,537,815
0.738
50,849,090
216.6
2.50
0.57
2001
 
39,445,872
0.753
52,383,565
223.1
3.02
0.57
2002
 
40,307,450
0.763
52,833,821
225.0
0.86
0.58
2003
 
43,119,379
0.779
55,356,483
235.7
4.77
0.60
2004
 
45,510,273
0.798
57,011,128
242.8
2.99
0.59
2005
 
46,934,155
0.821
57,148,264
243.4
0.24
0.58
2006
 
48,301,478
0.844
57,202,129
243.6
0.09
0.57
2007
 
51,468,782
0.866
59,427,970
253.1
3.89
0.58
2008
 
53,536,371
0.892
60,038,545
255.7
1.03
0.59
2009
 
53,618,075
0.889
60,298,552
256.8
0.43
0.62
2010
 
56,568,186
0.905
62,496,615
266.2
3.65
0.63
2011
 
63,457,392
0.928
68,377,863
291.2
9.41
0.67
2012
 
64,104,132
0.945
67,810,663
288.8
-0.83
0.65
2013
 
65,634,545
0.958
68,525,642
291.8
1.05
0.64
2014
 
69,267,208
0.971
71,320,526
303.7
4.08
0.65
2015
 
71,587,004
0.973
73,574,244
313.3
3.16
0.65
2016
 
70,096,436
0.983
71,320,292
303.7
-3.06
0.62
2017
 
71,216,731
1.000
71,216,731
303.3
-0.15
0.60
2018
 
73,855,652
1.020
72,374,153
308.2
1.63
0.59
2019
 
76,053,319
1.035
73,472,239
312.9
1.52
0.59
2020
 
78,087,474
1.046
74,628,446
317.8
1.57
0.59
2021
 
85,101,976
1.090
78,074,491
332.5
4.62
0.60
2022
 
89,974,794
1.160
77,535,736
330.2
-0.69
0.59
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Industry Earnings, 1969-2022
 
1969
 
653,665,000
0.189
3,461,658,635
100.0
N
1970
 
693,352,000
0.198
3,507,801,275
101.3
1.33
1971
 
742,094,000
0.206
3,601,523,902
104.0
2.67
1972
 
819,646,000
0.213
3,846,658,532
111.1
6.81
1973
 
918,964,000
0.225
4,092,469,383
118.2
6.39
1974
 
993,909,000
0.248
4,008,829,105
115.8
-2.04
1975
 
1,059,492,000
0.269
3,944,497,394
113.9
-1.60
1976
 
1,173,271,000
0.283
4,141,005,188
119.6
4.98
1977
 
1,303,767,000
0.302
4,320,542,816
124.8
4.34
1978
 
1,476,080,000
0.323
4,573,305,242
132.1
5.85
1979
 
1,648,363,000
0.351
4,690,444,754
135.5
2.56
1980
 
1,784,597,000
0.389
4,584,353,165
132.4
-2.26
1981
 
1,961,173,000
0.424
4,623,772,250
133.6
0.86
1982
 
2,053,729,000
0.448
4,587,185,902
132.5
-0.79
1983
 
2,188,018,000
0.467
4,687,672,466
135.4
2.19
1984
 
2,432,402,000
0.484
5,021,577,654
145.1
7.12
1985
 
2,615,791,000
0.501
5,218,223,348
150.7
3.92
1986
 
2,786,901,000
0.512
5,441,146,840
157.2
4.27
1987
 
2,996,000,000
0.528
5,674,027,499
163.9
4.28
1988
 
3,259,979,000
0.549
5,941,819,010
171.6
4.72
1989
 
3,467,027,000
0.573
6,054,778,994
174.9
1.90
1990
 
3,679,460,000
0.598
6,155,516,520
177.8
1.66
1991
 
3,789,428,000
0.618
6,134,341,309
177.2
-0.34
1992
 
4,059,023,000
0.634
6,400,225,481
184.9
4.33
1993
 
4,237,437,000
0.650
6,519,133,846
188.3
1.86
1994
 
4,456,948,000
0.664
6,716,721,924
194.0
3.03
1995
 
4,674,849,000
0.678
6,899,738,761
199.3
2.72
1996
 
4,956,180,000
0.692
7,161,799,344
206.9
3.80
1997
 
5,288,047,000
0.704
7,510,683,597
217.0
4.87
1998
 
5,707,014,000
0.710
8,041,785,619
232.3
7.07
1999
 
6,098,042,000
0.720
8,469,385,147
244.7
5.32
2000
 
6,598,743,000
0.738
8,938,721,519
258.2
5.54
2001
 
6,865,291,000
0.753
9,117,010,172
263.4
1.99
2002
 
7,001,002,000
0.763
9,176,707,606
265.1
0.65
2003
 
7,243,377,000
0.779
9,299,017,896
268.6
1.33
2004
 
7,674,785,000
0.798
9,614,272,113
277.7
3.39
2005
 
8,039,238,000
0.821
9,788,788,097
282.8
1.82
2006
 
8,519,349,000
0.844
10,089,233,775
291.5
3.07
2007
 
8,866,261,000
0.866
10,237,349,175
295.7
1.47
2008
 
9,014,085,000
0.892
10,108,876,304
292.0
-1.25
2009
 
8,688,913,000
0.889
9,771,497,172
282.3
-3.34
2010
 
9,023,916,000
0.905
9,969,635,637
288.0
2.03
2011
 
9,444,387,000
0.928
10,176,702,513
294.0
2.08
2012
 
9,854,834,000
0.945
10,424,645,101
301.1
2.44
2013
 
10,180,570,000
0.958
10,629,007,841
307.0
1.96
2014
 
10,613,874,000
0.971
10,928,505,678
315.7
2.82
2015
 
11,039,821,000
0.973
11,346,284,134
327.8
3.82
2016
 
11,311,477,000
0.983
11,508,970,941
332.5
1.43
2017
 
11,848,205,000
1.000
11,848,205,000
342.3
2.95
2018
 
12,438,590,000
1.020
12,189,079,542
352.1
2.88
2019
 
12,989,097,000
1.035
12,548,276,062
362.5
2.95
2020
 
13,158,025,000
1.046
12,575,166,053
363.3
0.21
2021
 
14,278,043,000
1.090
13,099,001,844
378.4
4.17
2022
 
15,207,952,000
1.160
13,105,445,395
378.6
0.05
Source: Calculations by the Nebraska Regional Economic Analysis Project (NE-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1200_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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